In the summer of 2013, Christian Sabbagh strengthened his equity position in TRAVELSOFT via a Management Buy Out (MBO) with MBO Partenaires. This operation, for which A Plus Finance provided mezzanine financing, also offered an exit opportunity for Viveris Management and Stepar, which had joined the start-up as shareholders 10 years ago. The new partnership will allow TRAVELSOFT to consolidate and enhance its expansion.
TRAVELSOFT is currently developing the ORCHESTRA platform, a SaaS Software as a Service) dedicated to the tourist industry. The ORCHESTRA platform gives professionals the opportunity to produce, administer, distribute and manage an integrated leisure offering across distribution channels: holidays (packages), overnight hotel stays, airline tickets, dynamic packages and so on. Specifically, ORCHESTRA provides unified real-time access to the offerings of more than one hundred different producers (tour operators, web providers, cruise agencies). In just a few years, TRAVELSOFT has established itself as a leader in the French market. Currently operating in France and Spain, TRAVELSOFT plans to become the leading leisure platform in Southern Europe through a combination of internal and external growth.
TRAVELSOFT, which employs a staff of 48 in its head office in the second arrondissement of Paris, estimates that its revenues will reach €7 million in 2013.
TRAVELSOFT group’s founder & CEO, Christian Sabbagh, was looking for a strong financial partner to accelerate the geographical development of the group.